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Crypto News

BTC Surpasses $84,000, 24-Hour Increase to 1.24%

Bitcoin has surpassed the $84,000 benchmark and is now trading at $84,003, with a 1.24% increase in 24 hours.

Trump-Backed American Bitcoin Mining Venture Wants to Go Public

American Bitcoin Corp., the crypto mining venture announced this week between Hut 8 Mining Corp and an investor group that includes two sons of US President Donald Trump, plans to eventually go public as well as to seek additional private capital.

“So you can see this in the long term as two sister publicly traded companies,” Asher Genoot, chief executive officer of Miami-based Bitcoin miner Hut 8, said during a Bloomberg TV interview on Tuesday. “One that is energy, infrastructure data centers and the other one that’s Bitcoin, AISCs and reserves and together they form a vertically integrated company that has some of the best economics out there.”

The U.S. Treasury Secretary: The Tariffs Announced on Wednesday Are a Ceiling

CNBC reporters stated on social media that U.S. Treasury Secretary Yellen told lawmakers that the tariffs announced on Wednesday are a 'ceiling' and that countries can take measures to lower tariffs.

X Asks Supreme Court to Shield Coinbase Users From IRS Probe

Elon Musk’s X is urging the US Supreme Court to shield companies from being forced to disclose sensitive user financial data under “suspicionless” subpoenas issued by federal law enforcement agencies.

The social media platform owned by the world’s richest person asked the justices to revisit a lower-court ruling allowing the Internal Revenue Service to enforce a subpoena for a Coinbase customer’s transaction records in a tax probe aimed at more than 14,000 users of the cryptocurrency exchange.

China to Enhance Data Security with Blockchain and Privacy Computing

Li Chunlin, Deputy Director of the National Development and Reform Commission, announced at a press conference that the commission is strengthening technical support to ensure data security. The initiative includes the application of privacy computing and other new technologies to facilitate the sharing of credit information while minimizing the risk of data breaches. Additionally, the commission plans to explore the use of blockchain technology to secure critical data by encrypting it and making processes more adaptable.

GameStop Considers Bitcoin Asset Allocation Following Convertible Notes Offering

GameStop may be on the verge of or has already begun incorporating Bitcoin into its asset portfolio. Regulatory filings submitted by the company after the U.S. stock market closed on Monday reveal that GameStop has successfully completed the full subscription of its $1.3 billion five-year convertible notes offering. Including the overallotment option, the total funds raised amount to $1.5 billion, with net proceeds of $1.48 billion after deducting expenses.

Previously, during the announcement of its fourth-quarter financial results, GameStop's board of directors, led by CEO Ryan Cohen, passed a resolution to update the company's investment policy. This update includes the potential allocation of Bitcoin within its balance sheet.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday was $157.64 million. The total net asset value of Bitcoin spot ETFs is $95.45 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.64%.

The Bitcoin spot ETF with the highest net outflow on Apr. 1 was ARK 21Shares Bitcoin ETF, with a net outflow of $87.37 million. Following that was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net outflow of 85.35 million, according to SoSoValue.